Liechtenstein, a World Leader in Solar Energy Production in 2018

Written by: Bridgewest

Posted: 2018-08-27

Liechtenstein is one of the most advanced countries in Europe when it comes to innovation in the energy sector, and now it has also become the world’s champion when it comes to solar power per capita, according to the SolarSuperState Association. The Principality scored best in photovoltaic power with 620 watts per capita at the end of 2017. Foreign investors who want to set up businesses in the energy sector can rely on our Liechtenstein company formation consultants.

The 3rd year in a row for Liechtenstein’s superiority in solar power

The SuperSolarState Association started awarding countries worldwide a few years ago when renewable energy started to become a trend at a global level and ever since, countries like Germany, Uruguay, Paraguay, and China have won the 1st place in terms of green energy production. In the last few years, however, Liechtenstein started catching up and since 2015 it has become a champion for solar energy production.

By the end of 2017, Liechtenstein’s solar power capacity per capita has reached 620 watts, which is the highest value at the world level. In Europe, Liechtenstein was followed by Germany with a photovoltaic capacity per capita of 510 watts.

The renewable energy industry in Liechtenstein

Liechtenstein is known for other industries than the energy one and this is because, with access to no water sourced to produce energy from conventional sources, it has to import most of the energy. This is why the development of renewable energy took place quite quickly in this country.

The government encourages companies in the energy sector to use green sources and solar power is one of the greatest assets for the central European country. With the help of incentives and investments from foreign enterprisers, Liechtenstein managed to become the world’s large photovoltaic energy producer in 2018.

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